Meta will spend billions of dollars on AI chips from Advanced Micro Devices and take a significant stake in the company. Meta owns Facebook, Instagram and WhatsApp.
The company is moving aggressively to incorporate AI into its social media platforms and other products.
Tech expert Omar Gallaga says OpenAI inked a similar deal with AMD last year.
Highlights from this segment:
– Meta’s deal to purchase AMD’s Instinct chips lasts for five years.
– AMD operates a major design hub in Austin.
– OpenAI’s deal with Meta is almost identical, ensuring its supply of AI chips and including a stake in the company.
